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Rising commitment from major automakers, rapid battery cost declines, strong policy support from state and local governments, and low operational costs have put electric vehicles on track to pass gasoline-powered vehicles. EV sales in U.S. have grown to an average of 32% annually from 2012-2016 and 45% over the year ending June 2017. Considering these advantages, automakers and investors face several big questions: How fast can we expect EVs to increase market share in the United States? What penetration will they achieve, by when? How will these outcomes be affected by ...
Even though the shares of US car retailers rose this September, analysts predict that longer-term concerns over the threat of eccomerce and weak demand in the sector remain. O’Reilly Automotive rose on Monday, up 2.7 per cent to $215.15. It outperformed the broad S&P 500 index which weakened 0.2 per cent to 2,496. The Dow Jones Industrial Average also traded down 0.2 per cent at 22,296 on Monday in New York, while the Nasdaq Composite shed 0.9 per cent to 6,370. Genuine Parts, which distributes replacement car parts, saw the biggest gains of any stock in the S&P 500 on Monday, ri...
The average annual turnover for sales people in the automotive business is 67%. Also, it’s important to notice that this job is not the one job seekers are interested in. Only about a quarter of them in the industry would also be interested in selling jobs at a dealership. If you’re a dealer, you think, ‘Why would I want to invest in people if they’re going to quit? But they quit because of a lack of training. So it’s a case of the chicken or the egg.” Of the 800 job seekers surveyed, 5 percent said they’d be interested in working in the automotiv...
Fiat Chrysler Automobiles said Tuesday it is recalling 494,000 medium and heavy-duty Ram pickup trucks, model years 2013-2017. The issue which caused this recall is that they could overheat and potentially cause a fire. The 2013-2017 model year Ram 2500 and 3500 pickups recalled have 6.7-liter diesel engines, including 443,000 vehicles in the United States. Fiat Chrysler said it is not aware of any injuries related to the issue, but has reports of a small number of fire-related incidents. The company will inspect and potentially replace the water pump. Shares of ...
Ford Motor Co. has designed a light signal system for autonomous cars that company officials say helps solve the problem of self-driving cars safely interacting with pedestrians, bicyclists and human drivers. Ford engineers said they hope tests results from real-world encounters will pave the way for standardization and industry-wide adoption. The white light display, located at the top of the windshield, is designed to communicate intent to yield way or accelerate from a stop, which today is done through hand gestures, head nods and eye contact. The display’s color and locati...
